Contract Information Class 1 |
| Reference Number |
CDU2019_001 |
| Amount Payable |
Greater than $150,000.00
$19,800,000 |
| Effective Date |
26/03/2019 |
| Completion Date |
31/12/2033 |
| Name and business address of the contractor |
Keyton Future Development No. 1 Holding Pty Ltd as Trustee for Keyton Future Development Trust No. 1 - Level 45 Bourke Place 600 Bourke Street Melbourne Victoria 3000 Australia
|
| Particulars of the project to be undertaken, the goods or services to be provided or real property to be leased/transferred |
UOW has engaged the Keyton entity described above as Developer for the UOW Health and Wellbeing Precinct to be developed on UOW Land at Innovation Campus and will include:
Preparation of a masterplan for the development of the precinct
finance, design and construct the project deliverables and other works as per the Agreement |
| Details of any related body corporate or private sector entity who will be involved in carrying out any of the contractor’s obligations or receive a benefit. |
Keyton Holding Pty Ltd as Trustee for Keyton Trust
|
| Are there any provisions under which the amount payable may be varied? |
Yes |
| Amount Payable Variation Clauses |
Clause 18.4. |
| Can the contract be renegotiated? |
No |
| Did the contract involve a tender process? |
Yes |
| Tendering Method |
Open market, EOI followed by Request for detailed proposal phase |
| Tendering Criteria |
As per UOW's tender selection criteria and includes:
Proponent team and experience 5%
contractual terms 10%
development concept and vision 25%
operations and collaboration agreement 20%
project viability and risk 15%
financial capacity and certainty 5%
value 20% |
| Description of any provisions under which the contractor is to receive payment for providing operational or maintenance services |
N/A |
Contract Information Class 2 |
| Is there a transfer of significant assets to the State? |
No |
| Is there a transfer of significant assets to the contractor? |
No |
| Has any cost-benefit analysis been undertaken by UOW? |
No |
| Was a public sector comparator used? |
No |
| Did the contractor provide a base case financial model? |
No |
| If relevant, provide details of how risk is to be apportioned between the parties. |
Risks have been identified and addressed in accordance with UOW's risk appetite and approved risk mitigation strategies |
| Have there been any significant guarantees or undertakings between the parties? |
No |
| Other Key Elements |
N/A |
Contract Information Class 3 |
| Is a complete copy of this contract included in the register? |
No |
| Details of the reasons why all or part of the contract has not been included in the register |
Withheld on the basis of confidential information not required to be included in register in accordance with section 32(1)(a) - commercial-in-confidence provisions of a contract. This would place the contractor at a commercial disadvantage in relation to other contractors or potential contractors, whether at present or in the future (Sch 4, section 1). |
| Details of whether the contract or any provisions will be included at a later date and if so, when |
N/A |
| General description of the types of provisions that have not been included in the register if some but not all of the provisions of the contract have been included |
N/A. |
| Contract |
|
